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Bookkeeping is the process of recording financial transactions, understanding the details, and preparing summaries to be able to generate accurate reports.

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Over the previous few decades, the amount of small companies around the world has gone up. Ease in policies to start a company, pushing governments to boost their economic growth, declining employment opportunities has led to the increased development of new companies around the world. Due to a lesser number of jobs, people start their ventures to earn money and fulfill their daily needs.

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